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Income Statement
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Cash Flow
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Balance Sheet
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Income Overview
Revenue
$2,663K
Net Income
$25,927K
Net Profit Margin
973.60%
EPS
$1.5
Unit: Thousand (K) dollars
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Page 1
Quarterly
123
Page 1
Income Statement
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Noninterest revenue-Service Charges On Deposit And Sweep Accounts
2,663
2,484
2,088*
2,064
Noninterest revenue-Credit And Debit Card
2,921
2,588
2,886*
2,371
Noninterest revenue-Payroll Processing
-
-
1,124*
-
Noninterest revenue-Interest Rate Swap Fees
443
663
-453*
377
Noninterest revenue-Payroll Processing
854
1,094
-
825
Mortgage banking income
3,188
2,980
3,335
3,066
Earnings on bank owned life insurance
776
665
1,331
858
Other income
653
1,214
746
827
Total noninterest income
11,498
11,688
11,056
10,388
Loans, including fees
73,293
71,897
70,361
75,040
Securities, taxable
7,714
7,408
3,585
5,041
Securities, tax-exempt
1,460
1,441
1,343
1,259
Other interest-earning assets
4,229
4,680
6,966
4,303
Total interest income
86,696
85,426
82,255
85,643
Deposits
23,140
23,247
24,776
26,817
Short-term borrowings
1,488
1,479
1,808
1,974
Federal home loan bank advances
2,595
2,556
2,714
2,895
Subordinated debt and other borrowings
2,215
2,243
1,942
1,955
Total interest expense
29,438
29,525
31,240
33,641
Net interest income
57,258
55,901
51,015
52,002
Provision for credit gaines
-1,800
-1,800
-700
200
Net interest income after provision for credit losses
59,058
57,701
51,715
51,802
Salaries and benefits
24,608
23,679
21,836
21,094
Occupancy
2,261
2,416
2,116
2,122
Furniture and equipment depreciation, rent and maintenance
988
962
898
846
Fdic insurance costs
-
-
5,175*
-
Data processing costs
4,617
4,430
3,959
3,945
Advertising
-
-
416*
-
Charitable foundation contributions
-
-
761
300
Core conversion costs
536
2,915
-
-
Acquisition costs
94
300
-3*
606
Core deposit intangible amortization
865
865
-
-
Other expense
5,406
6,540
1,568
5,837
Total noninterest expense
39,375
42,107
36,726
34,750
Income before federal income tax expense
31,181
27,282
26,045
27,440
Federal income tax expense
5,254
4,597
3,205
3,682
Net income
25,927
22,685
22,840
23,758
Basic EPS
1.5
1.32
1.404
1.46
Diluted EPS
1.5
1.32
1.368*
1.46
Basic Average Shares
17,278,057
17,237,249
16,264,732
16,249,267
Diluted Average Shares
17,278,057
17,237,249
-
16,249,267
Page 1
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Page 1
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Income Statement
Loans, including fees
$73,293K
(-0.90%↓ Y/Y)
Securities, taxable
$7,714K
(64.86%↑ Y/Y)
Other
interest-earning assets
$4,229K
(97.99%↑ Y/Y)
Securities, tax-exempt
$1,460K
(23.62%↑ Y/Y)
Total interest income
$86,696K
(5.78%↑ Y/Y)
Net interest income
$57,258K
(15.72%↑ Y/Y)
Provision for credit
gaines
-$1,800K
(-212.50%↓ Y/Y)
Mortgage banking income
$3,188K
(-19.68%↓ Y/Y)
Noninterest revenue-Credit
And Debit Card
$2,921K
(24.30%↑ Y/Y)
Noninterest
revenue-Service Charges On...
$2,663K
(35.38%↑ Y/Y)
Noninterest
revenue-Payroll Processing
$854K
(9.07%↑ Y/Y)
Earnings on bank owned
life insurance
$776K
(38.32%↑ Y/Y)
Other income
$653K
(8.47%↑ Y/Y)
Noninterest
revenue-Interest Rate Swap Fees
$443K
(-63.98%↓ Y/Y)
Total interest
expense
$29,438K
(-9.36%↓ Y/Y)
Net interest income
after provision for...
$59,058K
(23.35%↑ Y/Y)
Total noninterest
income
$11,498K
(0.31%↑ Y/Y)
Deposits
$23,140K
(-10.05%↓ Y/Y)
Federal home loan bank
advances
$2,595K
(-10.42%↓ Y/Y)
Subordinated debt and other
borrowings
$2,215K
(14.29%↑ Y/Y)
Short-term borrowings
$1,488K
(-22.46%↓ Y/Y)
Income before federal
income tax expense
$31,181K
(20.10%↑ Y/Y)
Total noninterest
expense
$39,375K
(17.96%↑ Y/Y)
Net income
$25,927K
(14.63%↑ Y/Y)
Federal income tax
expense
$5,254K
(57.12%↑ Y/Y)
Salaries and benefits
$24,608K
(18.82%↑ Y/Y)
Other expense
$5,406K
(-11.17%↓ Y/Y)
Data processing
costs
$4,617K
(28.29%↑ Y/Y)
Occupancy
$2,261K
(4.92%↑ Y/Y)
Furniture and equipment
depreciation, rent and...
$988K
(19.61%↑ Y/Y)
Core deposit
intangible amortization
$865K
Core conversion
costs
$536K
Acquisition costs
$94K
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MERCANTILE BANK CORP (MBWM)
MERCANTILE BANK CORP (MBWM)